BRIEF: CaoCao tumbles in Hong Kong trading debut
Ride-hailing platform CaoCao Inc. (2643.HK) slipped into reverse with its Hong Kong debut on Wednesday, as its shares opened down 20% at HK$33.80 on their first trading day. The stock…
Zeekr’s buyout stalls, and Chagee’s returns cool
A group of early investors in NEV maker Zeekr have protested a recent privatization bid for the company, saying it's too low. Will the buyer heed their complaints and raise its offer? And Chagee's maiden quarterly results show its revenue grew at just half the rate of its new store openings. What's behind the evaporting returns?
CaoCao approaches IPO finish line with nod from China’s securities regulator
A Hong Kong listing by the Geely-backed ride hailing app was approved last week by the CSRC, a year after the company first filed for the IPO Key Takeaways: CaoCao’s…
BRIEF: Geely Holding partners with Renault on NEVs in Brazil
Geely Automobile Holdings Ltd. (0175.HK) announced on Tuesday its parent, Zhejiang Geely Holding Group Co. Ltd., has agreed to expand its strategic cooperation with Renault SA’s (RNO.PA) Brazilian subsidiary for…
BRIEF: Zeekr showcases three new models at CES 2025
Zeekr Intelligent Technology Holding Ltd. (ZK.US) is set to unveil three of its newest electric vehicles (EVs) this week at the 2025 Consumer Electronics Show (CES 2025) in Las Vegas,…
Zeekr’s IPO honeymoon ends with forced marriage to Lynk & Co.
The recently listed maker of luxury electric vehicles controlled by Geely will pay $1.3 billion for 51% of one of its parent’s units that only recently entered the EV market…
Horizon Robotics debuts strongly, fueled by autonomous driving boom
The autonomous driving technology company will use proceeds from its IPO to capture market opportunities to further drive its revenue and margin growth Key Takeaways: Horizon Robotics raised HK$5.41 billion…